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Warrensburg staff present FY27 budget, outline CIP plan and conservative assumptions
Summary
City staff told the council the FY27 priorities are a pay plan and a Capital Improvement Plan; staff used conservative assumptions (2.5% revenue growth, 4.5% interest, 2.5% inflation) and noted a $50,693 operating gap in the draft General Fund.
City Manager Schrage opened the July 14 budget retreat by identifying the two FY27 priorities: a pay plan and the Capital Improvement Plan (CIP). "The CIP was used to transfer eligible items from the General Fund to the CIP," Schrage said while distributing draft FY27 binders and walking council through model assumptions of 2.5% revenue growth, 4.5% borrowing interest and 2.5% cost inflation.
Schrage also called out the draft General Fund numbers: revenues were estimated flat at $14,901,254 while expenses totaled $14,951,947, leaving expenses about $50K higher than revenues. He asked council whether to budget flat for services, identify cuts, or fund community partner allocations from reserves. Schrage said it is intentional to spend down CIP fund balances as available and that staff will monitor indicators such as electric franchise receipts if electric vehicle adoption changes gas tax-based revenues.
Council did not take formal action at the retreat; staff will return with refined projections and any recommended budget adjustments. The city expects to set property tax rates in September after receiving preliminary Johnson County figures.
